Q1 2019 Earnings Estimate for KapStone Paper and Packaging Corp. (KS) Issued By DA Davidson

KapStone Paper and Packaging Corp. (NYSE:KS) – Equities research analysts at DA Davidson issued their Q1 2019 earnings per share estimates for KapStone Paper and Packaging in a report released on Wednesday, October 24th. DA Davidson analyst S. Chercover anticipates that the basic materials company will earn $0.49 per share for the quarter. DA Davidson also issued estimates for KapStone Paper and Packaging’s Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.76 EPS and Q4 2019 earnings at $0.73 EPS.

A number of other research firms have also recently weighed in on KS. Zacks Investment Research raised shares of KapStone Paper and Packaging from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a report on Saturday, July 21st. ValuEngine cut shares of KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Seven analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $32.33.



KS stock opened at $34.99 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.39 and a current ratio of 2.28. KapStone Paper and Packaging has a fifty-two week low of $20.51 and a fifty-two week high of $35.10. The stock has a market capitalization of $3.10 billion, a P/E ratio of 26.51, a PEG ratio of 0.95 and a beta of 3.28.

KapStone Paper and Packaging (NYSE:KS) last released its quarterly earnings data on Tuesday, October 23rd. The basic materials company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.10. KapStone Paper and Packaging had a net margin of 9.99% and a return on equity of 18.99%. The business had revenue of $893.60 million for the quarter, compared to analysts’ expectations of $923.10 million. During the same quarter last year, the company earned $0.39 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY grew its position in KapStone Paper and Packaging by 5.4% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 28,243 shares of the basic materials company’s stock valued at $974,000 after buying an additional 1,456 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in KapStone Paper and Packaging by 28.7% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 7,618 shares of the basic materials company’s stock valued at $258,000 after buying an additional 1,698 shares in the last quarter. OppenheimerFunds Inc. grew its position in KapStone Paper and Packaging by 3.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 60,325 shares of the basic materials company’s stock valued at $2,081,000 after buying an additional 1,751 shares in the last quarter. Piedmont Investment Advisors LLC grew its position in KapStone Paper and Packaging by 9.5% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 20,506 shares of the basic materials company’s stock valued at $707,000 after buying an additional 1,774 shares in the last quarter. Finally, Amalgamated Bank grew its position in KapStone Paper and Packaging by 14.7% in the 2nd quarter. Amalgamated Bank now owns 14,329 shares of the basic materials company’s stock valued at $494,000 after buying an additional 1,841 shares in the last quarter. Hedge funds and other institutional investors own 81.58% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 28th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.40 dividend on an annualized basis and a yield of 1.14%. KapStone Paper and Packaging’s dividend payout ratio is presently 30.30%.

KapStone Paper and Packaging Company Profile

KapStone Paper and Packaging Corporation produces and sells a range of containerboards, corrugated products, and specialty paper products in the United States and internationally. The company operates in two segments, Paper and Packaging, and Distribution. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products.

Read More: What is an Initial Public Offering (IPO)?

Receive News & Ratings for KapStone Paper and Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KapStone Paper and Packaging and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply